Knowledge supply: U.S. Power Data Administration, State Power Knowledge System Word: GDP=gross home product
In 2021, the quantity U.S. customers spent on power (power expenditures) grew to over $1.3 trillion when adjusted for inflation, a 25% improve from 2020, in keeping with our State Power Knowledge System (SEDS). Rising petroleum consumption in 2021 following 2020 lows induced by the COVID-19 pandemic and larger common power costs contributed to the rise in expenditures.
Inflation-adjusted per capita U.S. power expenditures elevated by 25% in 2021 from 2020 to $3,967 per capita, on par with 2019 per capita expenditures. Inflation-adjusted per capita expenditures elevated in each state in 2021. Per capita expenditures in Connecticut rose the least (13%), and so they rose essentially the most in Louisiana (43%).
U.S. power expenditures accounted for five.6% of gross home product (GDP) in 2021, a rise from 4.8% in 2020. Regardless of this improve, power expenditures in 2021 have been the third lowest in our knowledge collection, which dates again to 1970. Power expenditures as a share of GDP compares the full sum of money spent on end-use power in the US to the worth of all items and providers within the U.S. economic system.
Petroleum merchandise: Motor gasoline, diesel, and jet gasoline accounted for $757 billion of end-use power expenditures in 2021, a 44% improve from 2020. Petroleum merchandise made up the biggest share (57%) of 2021 U.S. power expenditures.
Electrical energy: Electrical energy accounted for $419 billion of end-use power expenditures in 2021, a 3% improve from 2020. The electrical energy expenditures estimate we publish contains the sum of money spent on electrical energy by end-use clients, reminiscent of companies and houses. We take away the expenditures for main power sources (pure fuel, coal, nuclear, renewables, and petroleum) the electrical energy sector makes use of to generate electrical energy in order that we will keep away from double counting expenditures.
Pure fuel: Pure fuel used for functions apart from producing electrical energy, reminiscent of heating and cooling houses and buildings, accounted for about 10% ($133 billion) of the nation’s complete power expenditures.
Coal: Coal used for functions apart from producing electrical energy, reminiscent of steel manufacturing, made up lower than 1% ($4 billion) of the nation’s complete.
Principal contributor: Brett Marohl
Initially printed on the U.S. EIA’s At present In Power weblog.
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